Wharton’s research centers and initiatives are at the frontier of finance, promoting innovative research and groundbreaking programs in areas including investment management, private equity, hedge funds, venture capital, quantitative finance, fintech, financial policy, and regulation. Explore the future of finance below.
Research Discoveries
The Impact of “Mortgage Lock-In” on Homebuyers
During the pandemic, historically low interest rates offered a unique opportunity for prospective homeowners. However, research by Lu Liu, assistant professor of finance at Wharton and Julia Fonseca of University of Illinois at Urbana-Champaign, suggests that locking in those low rates may have had unintended consequences. Read more here!
AI-Powered Collusion in Financial Markets
The use of artificial intelligence in capital markets is becoming more widespread due to its perceived ability to enhance efficiency. But a recent study by Itay Goldstein and Winston Wei Dou, professors of finance at Wharton, demonstrates the ever-present risk of AI-powered market manipulation through collusive trading – despite AI having no intention of collusion. Read more here!
How Expanding Medicaid Impacts Household Debt: Q&A with Professor Sasha Indarte
Professors Sasha Indarte and Gideon Bornstein investigate how the expansion of social insurance affects households’ accumulation of debt, in their 2023 paper. In this interview, Professor Indarte dives into these findings and discusses their importance in the larger conversation around the economic resilience of households. Read more here!
Upcoming Events
FinTech Lecture with Callum Sproule
The Stevens Center for Innovation in Finance will welcome Callum Sproule, fcorporate associate at Cravath, Swaine & Moore LLP, to Wharton for the FinTech Lecture Series.
LEARN MORE
Wharton Conference on Liquidity and Financial Fragility
The Wharton Conference on Liquidity and Financial Fragility is a conference held at the University of Pennsylvania. The inaugural conference occurred in 2012 and, after a break during the pandemic, we are now gearing up for the our 10th anniversary conference, which will be October 18 – 19, 2024. The conference will feature papers by leading authors on the broad topics of liquidity and financial fragility.
LEARN MORE
Recent Events
2024 Frontiers in Quantitative Finance Conference
The Jacobs Levy Center held its 2024 Frontiers in Quantitative Finance Conference on Friday, September 20 in Jon M. Huntsman Hall on the University of Pennsylvania’s campus in Philadelphia. The program included paper presentations, a panel discussion, and recognition of the 2024 winners of the Jacobs Levy Center Research Paper Prizes.
MORE INFORMATION
IMF-WIFPR Conference
The IMF-WIFPR Conference on Financial and Real Implications of Technologies, AI, and Cyber Risks convened an assembly of academic scholars, industry leaders, and policymakers.
VIEW THE RECAP
Webinar: The Return of Return Dominance
The Wharton School’s Jacobs Levy Center hosted a special webinar featuring Sean Myers, assistant professor of finance at Wharton. Professor Myers presented his paper The Return of Return Dominance: Decomposing the Cross-section of Prices, which tackles the fundamental question – why do stock prices differ so much between companies? Watch the webinar recording.
About
Finance centers at the Wharton School serve as thought leaders for innovative research by supporting and disseminating cutting-edge work in areas including investment management, private equity, hedge funds, venture capital, quantitative finance, fintech, policy, and regulation.